Welltower Inc. Announces Quarterly Dividend of $0.61 (NYSE:WELL)

Welltower Inc. (NYSE:WELLGet Rating) announced a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Tuesday, May 24th will be paid a dividend of 0.61 per share by the real estate investment trust on Tuesday, May 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, May 23rd.

Welltower has decreased its dividend payment by an average of 11.2% per year over the last three years. Welltower has a dividend payout ratio of 180.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Welltower to earn $4.02 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 60.7%.

WELL opened at $87.08 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.76. The company has a market cap of $39.53 billion, a price-to-earnings ratio of 111.64, a PEG ratio of 3.09 and a beta of 0.98. The company’s 50 day moving average is $93.27 and its 200 day moving average is $87.17. Welltower has a 12-month low of $71.00 and a 12-month high of $99.43.

Welltower (NYSE:WELLGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.68). Welltower had a return on equity of 2.19% and a net margin of 7.09%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, analysts predict that Welltower will post 3.54 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in shares of Welltower by 8.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 1,530,652 shares of the real estate investment trust’s stock valued at $131,284,000 after purchasing an additional 113,183 shares during the period. California State Teachers Retirement System grew its holdings in Welltower by 3.1% during the fourth quarter. California State Teachers Retirement System now owns 757,709 shares of the real estate investment trust’s stock worth $64,989,000 after acquiring an additional 22,502 shares during the period. Stifel Financial Corp lifted its position in shares of Welltower by 2.3% in the fourth quarter. Stifel Financial Corp now owns 177,529 shares of the real estate investment trust’s stock valued at $15,226,000 after acquiring an additional 3,927 shares in the last quarter. Allstate Corp lifted its position in shares of Welltower by 406.2% in the fourth quarter. Allstate Corp now owns 37,551 shares of the real estate investment trust’s stock valued at $3,221,000 after acquiring an additional 30,133 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its position in Welltower by 2.8% during the fourth quarter. Vident Investment Advisory LLC now owns 32,898 shares of the real estate investment trust’s stock worth $2,821,000 after buying an additional 900 shares during the period. Institutional investors own 93.79% of the company’s stock.

Several equities analysts have weighed in on the stock. StockNews.com raised shares of Welltower from a “sell” rating to a “hold” rating in a report on Sunday, April 3rd. Royal Bank of Canada boosted their target price on shares of Welltower from $93.00 to $97.00 and gave the stock an “outperform” rating in a report on Wednesday, March 9th. Scotiabank raised shares of Welltower from a “sector perform” rating to a “sector outperform” rating and set a $110.00 target price on the stock in a report on Monday, April 4th. Zacks Investment Research downgraded shares of Welltower from a “hold” rating to a “sell” rating and set a $88.00 target price on the stock. in a report on Monday, February 21st. Finally, Mizuho boosted their target price on shares of Welltower from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $96.75.

About Welltower (Get Rating)

Welltower Inc (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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Dividend History for Welltower (NYSE:WELL)

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